Is It Worth Investing in Perovskite Solar Cell Equipment?

The past several years has brought a surge of interest in renewable energy technologies from investors. The global demand for energy is continuously on the rise, and renewable sources like wind are becoming increasingly efficient and affordable. Now, investors are increasingly interested in the possibilities found in perovskite solar cell equipment.

What Is Perovskite Solar Cell Equipment?

Perovskites are a class of minerals with properties that make them ideal as photovoltaic solar cell material. Although research into their potential only began about ten years ago, researchers have already produced flexible, lightweight solar cells using perovskite thin films.

Today, research efforts are focused on turning this technology into something that can be made cheaply in large quantities to meet the burgeoning demand for solar energy.

Work into improving the efficiency of these cells has been remarkably successful; though devices using these materials were only 3.8% in 2009, in 2017, perovskite solar cells reached efficiency levels of up to 26.7% and 25.2%. That makes perovskite solar cell equipment the fastest-advancing solar technology to date.

Is It Worth the Investment?

A recent study predicts the renewable energy sector to rake in nearly $5.1 trillion in investment dollars for new power installations by 2030. That’s also the year Bloomberg foresees renewable energy sources accounting for 60% of all new power generation and 65% of power investment.

However, perovskite is far from the only renewable technology out there that has investors interested. Finance site Investopedia points to hydropower as the dominant renewable that will drive investment in the next few years, as companies like Alstom and Siemens push the technology forward. Wind energy has also experienced massive growth, both due to companies installing new window farms and improving the efficiency of existing installations.

That doesn’t mean you should discount the potential in solar, however. As mentioned, perovskite cells have advanced in efficiency faster than any existing solar tech so far. It’s rapidly becoming the tech-du-jour in the solar sector. Not to mention that the cost of producing solar energy is plunging worldwide, leading more and more governments to invest in solar installations in order to meet their clean energy goals.

Perovskite is certainly worth a look if you’re interested in the future of renewable energy from an investor perspective. I know I’ll be creating an alert for news items about the technology.

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